Common use of RUNNING EXPENSES Clause in Contracts

RUNNING EXPENSES. The Charterer agrees to accept the Yacht as outlined herein and further agrees to pay ALL running expenses during the term of the charter. This will include, but is not limited to, fuel, oil, water, food and other consumables, pilotage, port charges, customs fees, dockage and crew fees. ▇▇▇▇▇▇▇▇▇ will return the Yacht and dinghy with tanks full of fuel and water in their respective tanks. ▇▇▇▇▇▇▇▇▇ agrees to restrict the operation of the Yacht to the areas described below and further warrants not to operate the Yacht between the hours of 5.30 pm and 7.00 am. The British Virgin Islands (excluding ANEGADA unless authorized by the Company) The U.S. Virgin Islands (St ▇▇▇▇ and St ▇▇▇▇▇▇ up to 10 (ten) nautical miles thereof and excluding ST CROIX). ▇▇▇▇▇▇▇▇▇ with paid crew on board agrees to carry correct documentation and comply with the Department of Homeland Security Regulation requiring electronic notification 24 hours prior to intended arrival into and departure from USA territory. Any breach of the aforementioned navigation limits and requirements shall result in the cancellation of any and all insurance rights. Any fines, damage to the vessel or to property/environment, or injury to persons, which occurs as a result of operating the Yacht in breach of navigation limits will be the sole responsibility of the Charterer. ▇▇▇▇▇▇▇▇▇ agrees that the Yacht shall not be used to carry passengers for hire, shall not be raced and will be used for the sole and proper use of himself/herself, his/her family and guests during the term of this charter and shall comply with the laws of the British Virgin Islands, or any other government within the jurisdiction of which the Yacht may be in during the term of the charter. The Charterer further warrants that he shall not have on board, transport, trade or sell illegal products or substances. In the event of vessel seizure or impoundment as a consequence of any breach of items aforementioned herein will be the sole responsibility of the Charterer – this will include but will not be limited to loss of revenue on future bookings on behalf of the Company, fees (including legal fees) incurred for vessel release and vessel down-time which will be pro-rated on a daily basis at the normal seasonal rates. No pets allowed.

RUNNING EXPENSES. The Charterer agrees to accept the Yacht as outlined herein and further agrees to pay ALL running expenses during the term of the charter. This will include, but is not limited to, fuel, oil, water, food and other consumables, pilotage, port charges, customs fees, dockage and crew fees. ▇▇▇▇▇▇▇▇▇ will return the Yacht and dinghy with tanks full of fuel and water in their respective tanks. ▇▇▇▇▇▇▇▇▇ agrees to restrict the operation of the Yacht to the areas described below and further warrants not to operate the Yacht between the hours of 5.30 pm and 7.00 am. The British Virgin Islands (excluding ANEGADA unless authorized by the Company) The U.S. Virgin Islands (St islands between Grenada and St. ▇▇▇▇ and St ▇▇▇▇▇▇ up to 10 inclusive, St Lucia only permitted by prior consent. Restrictions within cruising area (tena) nautical miles thereof above: the anchorages east of Mt. ▇▇▇▇▇▇▇ Bay in Grenada, except for St David’s Harbour, Le Phare Bleu Marina and excluding ST CROIX). Clarkes Court Bay, unless by prior consent of the company sailing on the east side of St ▇▇▇▇▇▇▇, Canouan, Carriacou, Grenada unless by prior consent; southern entrance of the Tobago Cays; any anchorage on east side of Canouan, Mayreau (except Tobago Cays), Carriacou, Grenada unless by prior consent. Petit Tabac to the east of Tobago ▇▇▇▇ with paid crew on board agrees to carry correct documentation prohibited at all times. Trinidad and comply with the Department of Homeland Security Regulation requiring electronic notification 24 hours Tobago, unless by prior to intended arrival into and departure from USA territoryconsent. Any breach of the aforementioned navigation limits and requirements shall result in the cancellation of any and all insurance rights. Any finesother island or destination, damage to the vessel or to property/environment, or injury to persons, which occurs as a result of operating the Yacht in breach of navigation limits will be the sole responsibility of the Chartererunless by prior consent. ▇▇▇▇▇▇▇▇▇ agrees that the Yacht shall not be used to carry passengers for hire, shall not be raced and will be used for the sole and proper use of himself/herself, his/her family and guests during the term of this charter and shall comply with the laws of the British Virgin IslandsGrenada and St. ▇▇▇▇▇▇▇, or any other government within the jurisdiction of which the Yacht may be in during the term of the charter. The Charterer further warrants that he shall not have on board, transport, trade or sell illegal products or substances. In the event of vessel seizure or impoundment as a consequence of any breach of items aforementioned herein will be the sole responsibility of the Charterer – this will include but will not be limited to loss of revenue on future bookings on behalf of the Company, fees (including legal fees) incurred for vessel release and vessel down-time which will be pro-rated on a daily basis at the normal seasonal rates. No pets allowed.